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Oil PSUs buying some US dollar requirements from SBI

Last Updated: Friday, November 08, 2013, 21:46

"We (oil PSUs) are buying some dollars from SBI," IOC Director (Finance) P K Goyal told reporters here.

Finance Ministry seeks 30% dividend from oil PSUs

Last Updated: Monday, November 04, 2013, 18:28

The Finance Ministry has asked all profit-making oil PSUs to pay a minimum 30 percent dividend in the current financial year.

Setback for Centre as SC maintains Aadhar card not mandatory

Last Updated: Tuesday, October 08, 2013, 11:05

In a setback for Centre, the Supreme Court on Tuesday maintained that Aadhar card is not compulsory for availing social benefits.

Three oil PSUs move SC for modification of Aadhaar order

Last Updated: Sunday, October 06, 2013, 13:48

Three oil PSUs have moved the Supreme Court seeking modification of its earlier order that Aadhaar card is not mandatory and no person should suffer for want of it in getting benefits of government schemes.

Moily red-flags Finance Ministry proposal on fuel pricing

Last Updated: Wednesday, March 06, 2013, 15:34

Red-flagging the Finance Ministry move to cut subsidises by changing fuel pricing norm, Oil Minister M Veerappa Moily on Wednesday said not compensating oil PSUs for their losses will put question mark on their survival.

Govt bars oil PSUs from setting up self-funded petrol pumps

Last Updated: Thursday, December 06, 2012, 16:50

With petrol pumps mushrooming all over the country, the government has barred oil PSUs from setting up new outlets at their investment.

Oil companies to pay Rs 800 for every free LPG connection in Delhi

Last Updated: Friday, November 16, 2012, 20:38

Petroleum Minister Veerappa Moily on Friday approved raising financial contribution of oil PSUs to the free LPG connection being provided by the Delhi government to poor using kerosene as cooking fuel.

Rupee gains help oil PSUs cut revenue loss by over Rs 16K cr

Last Updated: Thursday, October 18, 2012, 18:24

Appreciation in rupee value against the US dollar has helped cut revenue loss of state-run fuel retailers by over Rs 16,000 crore in the past one month.

Oil PSUs to lose Rs 178,491 crore despite diesel price hike

Last Updated: Thursday, September 20, 2012, 19:14

A steep Rs 5.63 per litre hike in diesel prices notwithstanding, state-owned fuel retailers are likely to end the fiscal with a staggering Rs 178,491 crore of revenue loss on selling diesel and cooking fuels below cost.

Oil PSUs losing Rs 1.37 a litre on petrol: Govt

Last Updated: Tuesday, August 14, 2012, 15:21

State-owned oil firms are losing Rs 1.37 a litre on petrol despite last month's Rs 0.70 per litre hike in price, Oil Minister S Jaipal Reddy said Tuesday but did not indicate if the rates will go up anytime soon.

Oil regulator dismisses charges of cartelisation by oil PSUs

Last Updated: Thursday, July 05, 2012, 20:30

Oil regulator PNGRB has dismissed private fuel retailers Reliance Industries, Shell and Essar Oil's allegations of "cartelisation and predatory pricing" by PSU oil firms in pricing petrol and diesel below cost saying market pricing of fuel would jeopardise consumer interest.

Ministry says no to oil PSUs buying ADB stake in Petronet LNG

Last Updated: Sunday, May 13, 2012, 14:06

The Oil Ministry has refused permission to public sector oil companies for acquiring Asian Development Bank's stake in Petronet LNG Ltd (PLL) so as to keep the nation's largest liquefied natural gas importer a private company.